$2,650,000
About this home
INVESTMENT & DEVELOPMENT OPPORTUNITY! Three individual properties being sold together: 550 & 568 Broad Street and 118 Comstock Avenue, Providence, RI. A unique portfolio offering current rental income, commercial space, restaurant potential, substantial parking, and the vision for future redevelopment. Located in a high-traffic area just minutes from Downtown Providence, with approximately 30–40 parking spaces across the properties. 118 Comstock Avenue is a three-story commercial/residential building on a 6,234± sq. ft. lot, offering approximately 3,107 sq. ft. with 9 one-bedroom units, including 3 units currently under renovation. 550 Broad Street is a three-story, air-conditioned building offering approximately 5,243 sq. ft. on a 7,332± sq. ft. lot with paved parking and 8 one-bedroom units, 8 Baths, with potential for 2 additional units, subject to required approvals. 568 Broad Street offers approximately 1,871 sq. ft. of updated restaurant/commercial space with paved parking, a new mini-split system, updated interior, one bathroom, and seating for approximately 15 guests, with potential for additional seating. The established El Rincon restaurant business is also available separately.The portfolio currently has 11 tenants in place, with several vacant units and 3 units under renovation, offering value-add potential through renovation and leasing. For the investor with a larger vision, the combined properties may provide an opportunity to explore future redevelopment, ETC.
Highlights
Property details
- MLS #
- 1423442
- Property type
- Commercial
- Subdivision
- Broad Street
- Status
- Active
- Days on market
- 4
- On market date
- September 18, 2026
- Stories
- N/A
- Total bathrooms
- N/A
- Garage spaces
- N/A
- Parking spaces
- 30
- Lot size
- 8,276 sqft
Location
Get directions →Nearby schools
Within 10 miles · public school directory data (NCES)
- Enrollment
- 143
- Student:teacher ratio
- 17.9:1
- District
- SouthSide Charter School
- Enrollment
- 790
- Student:teacher ratio
- 12.5:1
- District
- Providence
- Enrollment
- 815
- Student:teacher ratio
- 13.1:1
- District
- MET Career and Tech
Walkability
Blended score for Providence's center: EPA's National Walkability Index (street network, transit, land-use mix) combined with nearby-amenity density. 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).
Market position
How this listing compares to current activity in Providence, from live MLS data.
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Data source: Listing information provided by Rhode Island Association of REALTORS via Trestle/CoreLogic. Last updated 2 days ago.
Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.